Pelindo delays IPO for sub-holding

PT Pelabuhan Indonesia (Indonesia Port Corporation or IPC) has decided to delay the initial public offering (IPO). The state-owned port operator had planned to list its sub-holding companies on the Indonesia Stock Exchange (IDX) after merging Pelindo I, Pelindo II, Pelindo III, and Pelindo IV. The IPO plan will be back on the company's plate if the company needs huge capital and once it has a business plan. After the merger, Arif ensured that the state-owned company had collected sizeable funds from merging assets.

May 23 2022, Tempo

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